Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Construction of building/purchase of equipments, running of Sant Ranchhoddasji Bapu Eye Hospital at Vansda, District Valsad, Gujarat by Dhanvantri Trust - 007/2007 [F.No.NC-274/03/2007]- SO. 1151(E) - Income Tax Act, 1961
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Tax exemption under section 35AC extended for a charitable eye hospital project; project cost ceiling increased accordingly. Section 35AC exemption is extended to the Sant Ranchhoddasji Bapu Eye Hospital project run by Dhanvantri Trust for three years beginning with financial year 2006-07, following the National Committee's recommendation. The notification amends the original specification by increasing the maximum project cost eligible for deduction and specifying that the revised cost is without any corpus fund.
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Tax exemption under section 35AC extended for a charitable eye hospital project; project cost ceiling increased accordingly.
Section 35AC exemption is extended to the Sant Ranchhoddasji Bapu Eye Hospital project run by Dhanvantri Trust for three years beginning with financial year 2006-07, following the National Committee's recommendation. The notification amends the original specification by increasing the maximum project cost eligible for deduction and specifying that the revised cost is without any corpus fund.
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